Mama’s Creations, Inc. (NASDAQ:MAMA) Given Average Recommendation of “Moderate Buy” by Brokerages

Mama’s Creations, Inc. (NASDAQ:MAMA) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.60.

Several equities research analysts have issued reports on MAMA shares. Craig Hallum boosted their price target on shares of Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Roth Mkm increased their price target on shares of Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. DA Davidson lifted their price objective on Mama’s Creations from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Finally, Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th.

Mama’s Creations Price Performance

Shares of MAMA stock opened at $14.95 on Friday. The stock has a 50 day moving average of $14.27 and a two-hundred day moving average of $11.57. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. Mama’s Creations has a 12 month low of $5.50 and a 12 month high of $16.68. The company has a market capitalization of $607.72 million, a P/E ratio of 135.92 and a beta of 0.80.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $47.27 million for the quarter, compared to analysts’ expectations of $43.21 million. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.During the same period in the previous year, the business posted $0.01 earnings per share. As a group, equities analysts expect that Mama’s Creations will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Park West Asset Management LLC bought a new position in shares of Mama’s Creations during the third quarter valued at $8,408,000. Brown Capital Management LLC acquired a new stake in shares of Mama’s Creations during the 3rd quarter worth about $7,332,000. Next Century Growth Investors LLC lifted its holdings in Mama’s Creations by 54.5% during the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after purchasing an additional 596,688 shares during the last quarter. Pillsbury Lake Capital LLC bought a new position in Mama’s Creations during the 4th quarter valued at about $6,653,000. Finally, Alyeska Investment Group L.P. acquired a new position in Mama’s Creations in the third quarter valued at about $4,182,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

About Mama’s Creations

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.